RBI Proposes 1-Hour Delay on Digital Transactions Above ₹10,000 to Fight Frauds
Under this mechanism, transaction amounts will be provisionally debited from the sender's account immediately, but the actual credit to the beneficiary will be paused for 60 minutes.
This measure is highlighted in an RBI discussion paper titled 'Exploring Safeguards in Digital Payments to Curb Frauds', aiming to invite feedback from various financial stakeholders.
Exam Perspective: Understanding the balance between user convenience and transaction security is crucial for banking aspirants, especially regarding how delayed settlement mitigates cyber fraud and cybercrime.
Key Facts / Static GK
RBI Governor: Shaktikanta Das
Practice Quiz — 5 June 2026
Q1. Consider the following statements regarding the recent United Nations Security Council (UNSC) elections: 1. Austria, Kyrgyzstan, Portugal, Trinidad and Tobago, and Zimbabwe have been elected as non-permanent members. 2. Their two-year term will commence on 1 January 2027. 3. They will replace members including Denmark, Greece, and Pakistan. Which of the statements given above are correct?
Q2. What is the maximum subsidy amount provided to households for installing a rooftop solar system of 3 kW or more under the PM Surya Ghar: Muft Bijli Yojana?
Q3. With reference to Flex-Fuel Vehicles (FFVs) in India, consider the following statements: 1. They can operate on fuel blends ranging from E20 to E100. 2. The country's first flex-fuel passenger car is developed by Maruti Suzuki. Which of the statement(s) is/are correct?
Q4. Which central ministry has launched 'Mission Senehjori' to transform Assam's Muga Silk into a global luxury brand?
Q5. The Critical Minerals Global Supply Chain Observatory (GSCO) was recently established as a joint bilateral initiative between India and which other country?
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